Financial News
Rocket Lab (RKLB) Q3 Earnings: What To Expect
Aerospace and defense company Rocket Lab (NASDAQ:RKLB) will be reporting results tomorrow afternoon. Here’s what investors should know.
Rocket Lab met analysts’ revenue expectations last quarter, reporting revenues of $106.3 million, up 71.2% year on year. It was a strong quarter for the company, with optimistic EBITDA guidance for the next quarter and an impressive beat of analysts’ earnings estimates.
Is Rocket Lab a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Rocket Lab’s revenue to grow 51.3% year on year to $102.4 million, improving from the 7.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Rocket Lab has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Rocket Lab’s peers in the aerospace segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Ducommun delivered year-on-year revenue growth of 2.6%, beating analysts’ expectations by 3.8%, and Curtiss-Wright reported revenues up 10.3%, topping estimates by 5.4%. Ducommun traded up 4% following the results while Curtiss-Wright was down 2.3%.
Read our full analysis of Ducommun’s results here and Curtiss-Wright’s results here.
There has been positive sentiment among investors in the aerospace segment, with share prices up 4.8% on average over the last month. Rocket Lab is up 41.1% during the same time and is heading into earnings with an average analyst price target of $8.89 (compared to the current share price of $13.94).
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